Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
Kardex Holding AG is a leading global provider of intralogistics solutions, specializing in automated storage and retrieval systems, integrated material handling, and small parts storage for modern warehouses worldwide. Operating through key divisions including Kardex Remstar for dynamic storage solutions like vertical buffer modules, carousels, lifts, and pick-and-place robotics, and Kardex Mlog for automated high-bay warehouses, stacker cranes, and conveyor systems, the company also partners globally with AutoStore for robotic small parts storage and order fulfillment. Kardex Holding AG delivers standardized systems, software, control solutions, and lifecycle services to optimize efficiency, reduce space, and enhance material flow in diverse sectors such as automotive, pharmaceuticals, electronics, food and beverage, e-commerce, wholesale, retail, energy, mining, and logistics. Founded with roots tracing back to 1898 in data storage innovation and headquartered in Zurich, Switzerland, Kardex Holding AG employs approximately 2,900 people across over 30 countries, underscoring its pivotal role in advancing industrial automation and supply chain management.
11.90% operating margin is respectable but not wide. ROIC at 23.00%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue grew 7.5%, steady but not accelerating. Free cash flow declined 73% despite revenue growth, conversion is weakening.
Free cash flow declined 73% versus the prior year, cash generation momentum has weakened. ROIC dropped from 30.33% to 23.00%, capital efficiency is deteriorating.
Profitability & Returns
Revenue (TTM)
€850M
▲ +7.5% YoY
Net Income (TTM)
€42M
▼ -48.3% YoY
Op. Margin
11.90%
▼ -1.0pp YoY
ROIC
23.00%
▼ -7.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
€27M
▼ -73.0% YoY
Op. Cash Flow (TTM)
€51M
▼ -54.4% YoY
Net Debt
-€136M
Net Cash Position
Cash & Equiv.
€136M
3Y CAGR: +17.2%
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